Inflation requires carefully targeted spending to reduce its impact on low\u002Dincome Canadians, says Tyler Meredith. Read more.
“As a progressive, I care about those things,” Meredith said during an hour-long interview last week at Bloomberg’s Ottawa bureau. He discussed Trudeau’s record, the Liberal government’s extraordinary pandemic spending, and where Canada’s economy is headed now.
Meredith defended the spending as precise, aimed at people who need it. He said Canadians should be paying more attention to how many provincially controlled welfare programs aren’t automatically keeping up with rising costs, unlike federal transfers. He said it will take time for economists to determine how much of the current spike in prices is due to governments being too slow to pull back spending, and how much is driven by global factors like the war in Ukraine. Canada’s annual inflation rate hit 8.1 per cent in June and has since eased to seven per cent, with September data due Wednesday.Article content
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Inflation hurting fight against inequality, Trudeau insider warnsInflation requires carefully targeted spending to reduce its impact on low\u002Dincome Canadians, says Tyler Meredith. Read more.
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